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What does the fund mean? Popular explanation.
The mode of industrialized operation is: first buy raw materials, then process and manufacture, and finally sell finished products to make profits.

The same is true of capital operation: after investing in a company, it realizes asset appreciation through mergers and acquisitions, restructuring, etc., and finally takes the opportunity to cash in. There are financial leverage, listing financing, asset leasing, enterprise custody and other means.

In a word, industrial management is "buying and selling products" and capital operation is "buying and selling companies". Capital operation means that enterprises constantly optimize the allocation of various external and internal operating factors through investment and financing, so as to maximize profits and increase capital.

Its value chain includes three links: discovering value, creating value and amplifying value. It is those "first-class universities" that play the capital operation mode to the extreme.